As part of DEWA International’s efforts to fortify strategic alliances with top international organisations, Saeed Mohammed Al Tayer, MD & CEO of Dubai Electricity and Water Authority (DEWA) and Chairman of DEWA International, witnessed the signing of a Memorandum of Understanding between Shanghai Electric and DEWA International, the global arm of DEWA, to explore opportunities to develop and invest in energy, water, and infrastructure projects across global markets.
Shen Bing, President of Shanghai Electric Power Generation Group, and Waleed bin Salman, Executive Vise President of Business Development and Excellence at DEWA and Vise Chairman of DEWA International, signed the Memorandum of Understanding. Vise President of Shanghai Electric Group Jin Xiaolong and representatives from both sides were present at the signing event. “At DEWA International, we’re dedicated to growing our footprint in international markets and forming strategic alliances that take use of both our partners’ worldwide capabilities and Dubai’s groundbreaking experience in the utilities industry. Al Tayer stated, “Our collaboration with Shanghai Electric facilitates our endeavours to investigate promising prospects in energy, water, and green technologies and create sustainable and financially feasible projects that support the worldwide shift to more effective and sustainable energy systems.”
In addition to engaging in and making investments through tenders, the MoU creates a framework for collaboration in the identification, assessment, development, and structuring of possible initiatives. Combined-cycle power plants, photovoltaic solar and concentrated solar power (CSP) systems, battery energy storage systems (BESS), wind energy, seawater desalination, electricity transmission and distribution, green hydrogen and green ammonia, and the provision of equipment and associated services for the oil and gas industry are all areas of collaboration.
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